“This crypto sandbox builds directly upon former premier Thaksin Shinawatra’s Phuket sandbox proposal from late last year. Both share the core concept of allowing Bitcoin and cryptocurrencies as payment methods in tourist areas to drive adoption,” said Nirun Fuwattananukul, chief executive of Gulf Binance.
The sandbox program allows approved operators to provide services for up to 18 months with possible extensions for licensed digital asset exchanges, brokers, and dealers.
Interested operators must comply with eligibility criteria, service scope limitations, tourist spending caps, and anti-money laundering regulations to participate in the program.
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